Solana and XRP ETFs Achieve Record Launches Amidst Crypto Price Dips
Solana and XRP ETFs Achieve Record Launches Amidst Crypto Price Dips
New Exchange Traded Funds (ETFs) for Solana (SOL) and XRP (XRP) have set new records for launch day volumes in 2025, with Bitwise's Solana Staking ETF (BSOL) attracting $56 million and Canary Capital's spot XRP ETF (XRPC) drawing $58 million. Despite these robust launches, both SOL and XRP experienced significant price declines, with SOL notably dropping 20% from $205 to $165 within a week post-launch, sparking questions about market dynamics.
Bitwise’s Solana Staking ETF (BSOL) pulled in $56 million in volume on its launch day, while Canary Capital’s spot XRP ETF (XRPC) posted $58 million, the highest two volumes for any ETF launched in 2025. Yet, SOL traded near $205 one day before the ETF launch and slumped to $165 within a week, a 20% […]
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